By Kenneth Rapoza, CPA Industry Analyst USTR Senior Advisor Mark Wu shares our view on the World Trade Organization. He warns that the Biden Administration will likely realize that they do have to go it alone sometimes in dealing with China, just like the previous administration did. If you have never heard of Mark Wu,…
By Kenneth Rapoza, CPA Industry Analyst President Biden makes first call to Xi Jinping since winning the White House. By the looks of things, we have a continuation of the previous government’s take on China. President Joe Biden spoke with his China counterpart on Wednesday evening, and after wishing him a Happy Lunar New Year…
By Steven L. Byers, PhD, and Jeff Ferry Last year the US registered its largest trade deficit in 12 years and its largest-ever deficit in goods trade. In this article, we review the main trends in US international trade in 2020. The US trade deficit continued to deteriorate in 2020 as it rose to a 12-year…
